Assignment task:
Book reference if needed is: Managerial Accounting, Garrison, Noreen and Brewer. McGraw-Hill Education. 16th edition. Copyright 2017 (ISBN 978-1-260-15313-2).
Show your work. Round to the nearest 2 decimal points
Gabbe Industries is a division of a major corporation. The following data are for the latest year of operations:
Sales $ 8,910,000
Net operating income $ 962,280
Average operating assets $ 3,000,000
The company's minimum required rate of return 1 0%
Required:
a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI)?
d. What is the division's residual income?